Thomas Tripodianos will be speaking at AGC's 2021 Construction Risk Management program. This panel of fellow professionals will discuss: "Where You Stand Depends on Where You Sit: Different Perspectives on Construction Disputes" on January 28, 2021.
Many times in the construction industry (and others), when payment for work or supplies is not forthcoming, the unpaid party will look to other, third parties, for that payment. Sometimes, what is forthcoming from these third parties is not payment but, rather, a verbal reassurance that payment will eventually be made. Sometimes this is enough to have the unpaid party continue its performance, often to its detriment.
WB&G is pleased to announce that Frank Gramarossa has been named Partner at Welby, Brady & Greenblatt, LLP and Andreas M. Koudellou joins the Firm as an Associate.
It is widely known in the construction industry that New York is a "trust fund" state, meaning that trustees of a construction trust fund have specific responsibilities under the Lien Law, and that there are significant penalties for diverting trust funds - including criminal penalties.